The design of Lego factory in Binh Duong (Photo: VNA) Binh Duong (VNA) – The southern industrial hub of Binh Duong has seen a positive change in foreign direct investment (FDI) inflows with higher number of projects meeting the locality’s criteria of high technology, high economic values, environmentally friendlỉness, and less labour-intensiveness, according to the provincial Department of Planning and Investment. Outstanding FDI projects satisfying Binh Duong’s green economic development criteria include an over-1-billion-USD factory of Lego Group , which is scheduled to become operational in 2024. Preben Elef, Vice President of Lego Group, said that the factory is Lego's first carbon-neutral project developed towards green, sustainable and environmentally friendly direction. The factory has no carbon emissions, using electricity from renewable sources provided from the solar farm next to the facility, he said, adding that it is built to Leed Gold standard - a globally … [Read more...] about Binh Duong sees increasing green FDI inflows
Sembcorp
Binh Duong urged to shift its development model to industry-urban-smart services
A view of Viet Nam-Singapore Industrial Park in Binh Duong Province. — Photo VNA The southern province of Binh Duong should shift its development model to industry-urban-smart services to help investors quickly deploy the smart factory model and smart production in the locality. Deputy Prime Minister Le Minh Khai delivered this statement during the "Start-up-Connection-New Development" conference held in the province on Saturday. In the long run, the province's development model should be associated with science-technology and innovation to facilitate the establishment of a new ecosystem by the requirements of new investors and employees, contribute to increasing the provincial labour productivity and helping it participate deeply in the industrial value chain, Khai said. He also asked Binh Duong to ensure its rapid, comprehensive, and sustainable development with top priority to ensure synchronous development of social, healthcare and educational infrastructure, … [Read more...] about Binh Duong urged to shift its development model to industry-urban-smart services
VSIP joins hands with 9 Vietnamese provinces to develop smart IPs
Vietnam - Singapore Industrial Park J.V. Co. (VSIP) on Saturday signed memoranda of understanding (MOU) with nine Vietnamese provinces to develop smart and sustainable industrial parks (IPs). VSIP is a joint venture between Becamex IDC Corporation, under the People’s Committee of Binh Duong, just outside Ho Chi Minh City, and Sembcorp Development Ltd., a wholly-owned subsidiary of Singapore’s Sembcorp Industries, a leading energy and urban solution provider. The signing ceremony was part of the 'Binh Duong: Initiation - Connection - New Development' program, attended by Deputy Prime Minister Le Minh Khai, leaders of ministries, agencies and localities, and hundreds of investors. It was also an expansion of a broader MOU between Becamex and Sembcorp Development inked during Vietnamese Prime Minister Pham Minh Chinh’s state visit to Singapore early last month. Smart and sustainable IPs will be considered in nine provinces, including Binh Phuoc, Tay Ninh, Binh Thuan, Khanh Hoa, … [Read more...] about VSIP joins hands with 9 Vietnamese provinces to develop smart IPs